Held Nearly All Shorts Overnight

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March 5, 2009

Hopefully it pays off holding these shorts and not biting me in the ass. Tomorrow should close out in the red and it will setup a very nice oversold buy signal. One signal that I won’t be jumping in 100% right away. Well I shouldn’t say that until I see how we close tomorrow.

What I’m holding AUY, rebought EGO, reshorted SSO (I had sold it earlier), AUY calls (61.54%), GLD calls (36%), rebought SSO puts (5.7%), GDX calls, AMZN puts. Gold should roll in the panic trade.

My best trade not in terms of gain, but of sorta being in the zone was when I bought and sold POT puts twice today. I had no reason to sell other than to cut down on some of my overnight risk.

pottrade

Some other trades I made today included: SRS I never bought back after selling it, which was a mistake. I also forgot to purchase my index funds which was a major mistake on my part. I was jamming out on guitar at the time and just missed the Rydex window.




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